Massachusetts Debt Collection Laws and Statutes

Massachusetts Debt Collection Laws and Statutes

AccountsReceivable.com handles debt collections throughout the entire state of Massachusetts.

Below you will find important information on Massachusetts state debt recovery laws including: Massachusetts Statutes, Judgments, Garnishments, Interest Rates, and Bad Check Laws.

STATE: MASSACHUSETTS

Interest Rate

  • Legal: 12%
  • Judgment: 12%
  • Contract: 12%

STATUTE OF LIMITATIONS (IN YEARS)

  • Open Account on Contract: 6
  • Contract: 6
  • Sales (UCC) Contract: 4
  • Specialty: Contract Under Seal: 20
  • Domestic Judgment: 20 (presumed satisfied after 20 years)
  • Foreign Judgment: 20

BAD CHECK LAWS (CIVIL PENALTY)

Amount due, costs of suit, protest fees. Additional damages $100 – $500 can be assesed.

GENERAL GARNISHMENT EXEMPTIONS

$125 week.